The new governor of the Bank of Spain is facing "The labors of Hercules". It is true that, unlike his predecessor, Luis María Linde has lived "at home". A State economist, he has worked there since 1983 and has had international experience with the Spanish regulator, including being its representative on the ECB's International Affairs committee . He also spent time in Washington, during his time as executive director on behalf of Spain at the Inter-American Bank development (2005/2008). Impeccable curriculum from the technical point of view. In the transition, with the UCD government, he was University Secretary technical: political point of view, with the role of management.

In the circumstances facing the sector, the new governor must be independent in his actions, intelligent in his analysis, rigorous in his decisions, astute in his movements, discreet as a banker of breed, and skilful in his European and international relations as the moment demands. Luis María Linde's track record suggests that he is capable of fulfilling them. One of his virtues is that he has not shown any anxiety in waiting. It is to be hoped that the governor will devote himself to his task and not to lecturing on labor reform, like his predecessor at position.
In a few weeks the auditors will announce their calculations of the financing needs of the banking sector. subject There have been all kinds of rumors, from the 50,000 million euros of Minister De Guindos to the 100,000 of some European expert, passing through the 40,000 of Mr. Botin. After the volume has been fixed, it remains to decide what to do with each bank: keep it, merge it or dissolve it, and how to obtain the money. A task in which it can count on the excellent services of the Bank of Spain and the Government, which is already negotiating with European and international institutions. Like Schwarzenegger in the movie "Terminator" -not in the mandate in California-, he will have to be an independent "Governor" to carry out his mission statement whoever falls!